Immersion Corp

IMMR remains in a Stage 2 medium-term uptrend, but recent support failure undercut the established range and short-term EMAs are curling lower. Price is trading below the 20-day EMA with the 200-day SMA overhead, confirming bearish timing. While the medium-term bias stays bullish, near-term execution should await a pullback into the 50-day SMA or horizontal support zone and visible acceptance there before initiating longs.

• ↑Q2 revenue $270M and EPS $0.12 vs $0.05 est show strong growth
• ↑3-year revenue up 99% highlights sustained expansion
• ↓Dividend payout at 214% vs 0.3% margin raises sustainability doubts